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Safe as houses. Glad to see the back of the pandemic which is anathema to hospitality sector. Finally above 10pc overall and set a so loss accordingly. Will keep putting what I can in until my target of a tenner is exceeded.
Such a good RNS they had to release it twice :) hell of a buy back yesterday, approx £4M worth of shares or 0.5% of the companies shares in issue. Can only think that the tills have been ringing nicely, looking forward to the next trading update, should be a good one IMO
The media in general love to take swipes at both Martin and the company in general. The fact that Wetherspoons is one of the most successful retail companies and employs over 40,000 people is of no nterest to these morons.
Investors, chin up!
The sp is gettto where it should be ....the pubs are rammed
Please share any commercial terms if you know any.....
It appears from Haven's announcement that they are responsible for premises fit-out. You would assume cleaning and any requested repair as well, leaving JDW just doing the food and beverages. Easy money
Time
BBC article has now been published confirming the knighthood. A bit of publicity might push things forward
Tim Martin: Wetherspoon boss knighted in New Year Honours https://www.bbc.co.uk/news/uk-politics-67843268
Rumours of a knighthood for Tim Martin, well deserved plus would annoy all the right people :-0 . Good news for the new year at least.
City_ if I recall awright, 4y ago Gregg's sp had parity with easyJet. Clearly more cash in pasties than holidays, or ale.
I'm with you, thanks for the insight. If Greggs can x3/x4 in 10 years, I'm sure this can too. I'll keep adding a few here and there over the years.
Note that these posters were a bit glum, and that it was less than 15m ago!
Still the warnings are true, things can go down as well as up. Timing is all.
To sell yes. To sell-out at this price no.
All profit must be taken at some stage, unless you want the shares as a bequest.
In the words of Del Boy; no way, Pedro! This is the best share in the industry to be in
Not tempted to Sell yet...espeically after FTSE just reached a 3 month high and today's announcement that Inflation has dropped by more than expected..It's all positive at the moment! GLA
Anyone tempted to sell during "Santa Rally"?
Maybe it is a lot simpler - perhaps a a few shareholders have told Tim they want out and Tim thinks it is good business to swallow up the shares using debt; we have just seen one major shareholder drop below 5%.
I'm still pondering why, strategically. I can only think Tim wants some dividends, unless he is considering carving out the hotel business under a separate listing?!
JDW intends to buy back 15% of its stock which at or around current prices will cost £152 mill., and in theory (though in practice the theory doesn't work - see endless pointless discussion on the LLOY board) would have the effect of raising the SP by a similar 15% proportion. In reality, since the 4 Dec the SP has risen by 10% , though IMV that may well be unrelated, more likely due to positive vibes about Xmas spending?
The other point is to note that the cost of buybacks (say £150 mill) is equivalent to almost 3 years of Pre-tax profits, so is it being financed in part by the agreed borrowing of £200 mill at 5.7% detailed in the prelims?
Whatever , I hold here and have said on a few occasions, will do so until £10 , I am revising that view and may well after Xmas checkout if the Sp reaches the £9 area.
Sure thing shaun, buyback can only be done by the profitability endowed. No probs here is advertised, nay, flaunted.
That's roughly 3.3M shares repurchased in the last week. At the start there was 128M shares in issue so in the last week alone the company has repurchased approx 2.5% of the company's shares in issue. That's a very aggressive repurchase rate by anyone's standard and surly a sign that Tim sees the company in a very healthy position currently as well as in the long term. GL all
Tim hates the city, he has always done his roadshows in jeans and t-shirt which you could say is a shown of disdain - he really doesn't care about returning cash to shareholders, he just wants to grow the empire. A bit like Mike Ashley (like or loathe)
As a private investor, I am happy, and will wait patiently for the capital returns
I was just thinking that if jdw is flushed with everyone's beer money, when will we get a slice of the dividend?
Big Punt, your estimation on any future dividend would be received with high confidence.
Tim must be very happy to have these short positions working for him free while he mops up his own shares cheap
19 million shares are authorised to be bought back in total. Hugely positive and tells me they are making a lot more money than they have ideas what to do with
Definitely positive. Another 930k buy back today, considering only 128M shares in issue this is quiet a substantial amount, especially when coupled with yesterdays purchase. The fact the company are starting to load up the buy backs at the current S.P is a massively positive sign for the future IMO. GL all